{"id":1004428996,"date":"2020-04-30T03:48:18","date_gmt":"2020-04-30T11:48:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004428996"},"modified":"2020-04-30T03:48:18","modified_gmt":"2020-04-30T11:48:18","slug":"nashville-industrial-asset-lands-11m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashville-industrial-asset-lands-11m-refi\/","title":{"rendered":"Nashville Industrial Asset Lands $11M Refi"},"content":{"rendered":"
\"\"<\/a>

7235 Cockrill Bend Blvd. Image via Google Maps <\/i><\/p><\/div>\n

Charles Hawkins Co. has obtained an $11 million refinancing loan for a 286,235-square-foot industrial facility in Nashville, Tenn., public records show. Franklin Synergy Bank originated the note, which retires a $6.6 million mortgage the lender had provided in 2016.<\/p>\n

The borrower, a member of CORFAC International, acquired the asset in 2014 as part of a $6.9 million portfolio transaction from Spring Global which included an adjacent, 295,000-square-foot building, according to Yardi Matrix data.<\/p>\n

The warehouse, completed in 1982, is located on 20 acres at 7235 Cockrill Bend Blvd. The building has 15 dock-high and three drive-in doors and a two-story office component. The property is home to Alexander\u2019s Mobility Services and is 3 miles from Interstate 40 and roughly 16 miles west of Nashville International Airport.<\/p>\n

Even amidst the coronavirus pandemic, the national industrial market ended the first quarter<\/a> on a strong note, according to a recent CBRE report. Despite widespread shelter-in-place orders, construction on many logistics projects continues to move forward, although speculative development began to slow.<\/p>\n","protected":false},"excerpt":{"rendered":"

Franklin Synergy Bank’s new origination retires a prior, $6.6 million loan from the same lender.<\/p>\n","protected":false},"author":867,"featured_media":1004429002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,36077,21742],"tags":[42326],"class_list":["post-1004428996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-nashville-knoxville","category-latest","tag-corfac-international"],"acf":[],"yoast_head":"\nNashville Industrial Asset Lands $11M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nashville-industrial-asset-lands-11m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Industrial Asset Lands $11M Refi\" \/>\n<meta property=\"og:description\" content=\"Franklin Synergy Bank's new origination retires a prior, $6.6 million loan from the same lender.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nashville-industrial-asset-lands-11m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-30T11:48:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/7235-Cockrill-Bend-Blvd.-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nashville-industrial-asset-lands-11m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nashville-industrial-asset-lands-11m-refi\/\",\"name\":\"Nashville Industrial Asset Lands $11M Refi - 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